Weak U.K. Data Sink Pound

The pound fell to its lowest level against the dollar since June 2010 as weak industrial production data heightened concerns that the U.K. economy is sinking into another recession.

Industrial production in the U.K. unexpectedly dropped 1.2% in January and 2.9% on an annual basis, the country's Office for National Statistics reported Tuesday. Economists had expected a rise in January industrial production. The weaker-than-expected...